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Thursday, March 27, 2014

Reuters Money: SEC inches closer to money market fund final rule

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03/27/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
SEC inches closer to money market fund final rule
(Reuters) - U.S. securities regulators are inching closer to completing new rules for money market funds, though no final decision on how to proceed has been made just yet, according to a person familiar with the matter.
Variable annuities trigger big paydays, red tape for brokers
(Reuters) - Variable annuities could spell double trouble for stock brokers who eye fat commissions instead of the rules in place for protecting investors.
U.S.-based stock funds post biggest outflow since October: ICI
NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $968 million out of stock funds in the week ended March 19 on tensions over Ukraine and a shift in outlook for U.S. monetary policy, data from the Investment Company Institute showed on Wednesday.
Experts urge U.S. caution on additional cyber threat disclosures
WASHINGTON (Reuters) - Cyber experts urged U.S. securities regulators on Wednesday to tread carefully when requiring companies to disclose security breaches and cyber threats, saying giving too much information may leave them vulnerable to hackers or legal action.
European bets help Delaware team grab top Lipper award
(Reuters) - Bets on financial companies and Europe's beat-up economy helped maintain a decade-long winning streak at the Delaware Extended Duration Bond Fund rolling in 2013.
Stern Advice: Why you work to pay the babysitter
NEW YORK (Reuters) - Working parents of young children face a disappointing calculus. When they look at the paycheck of the lower-earning spouse - still usually the wife's - they don't see much bottom line income.
Swiss name British ex-UBS banker head of financial regulator
BERN/ZURICH (Reuters) - The Swiss government named British-born former banker Mark Branson on Wednesday as the first non-Swiss national to head its financial regulator, just as the body probes currency markets and prepares for a major review of big banks.
Your money: Getting the biggest caffeine buzz for your buck
NEW YORK (Reuters) - Not all coffee is created - or brewed - equally.
Ex-Sentinel CEO found guilty over $500 million fraud
(Reuters) - The former chief executive officer of Sentinel Management Group Inc was found guilty on Tuesday of defrauding customers out of more than $500 million before the suburban Chicago firm collapsed in August 2007, federal prosecutors said.
Bitcoins are property, not currency, IRS says regarding taxes
WASHINGTON (Reuters) - Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
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